TUSD took market share from Tether in the last quarter

The TrueUSD stablecoin (TUSD), issued by the company TrustToken, has taken ground from the leader in the sector, Tether (USDT). In the last quarter, trading between the BTC-TUSD pair came to account for 61% of all bitcoin volume on the Binance cryptocurrency exchange.

The momentum of TUSD is due to the measures that Binance has taken a few months ago by eliminating commissions for operations of the BTC-TUSD pair, which has generated a rapid increase in its transaction volume.

This is something that was demonstrated when TUSD's market capitalization went from USD 2 billion to USD 3 billion in just 24 hours on June 16.

Additionally, Binance announced on June 21, “a zero trading fee for new and existing USD stablecoin pairs.”